The Zhitong Finance App learned that Tianlun Gas (01600) rose nearly 5%. As of press release, it had risen 4.36% to HK$4.55, with a turnover of HK$1,7481,000.
According to a recent CMB International research report, Tianlun Gas's performance will be further improved by benefiting from a 12% increase in gas sales from industrial and commercial users over the same period last year. At the same time, the company's value-added business and new energy business will maintain elastic growth. Currently, Tianlun Gas's valuation is below the average of its peers. CMB believes that the company's valuation is extremely attractive and maintains a “buy” rating, with a target price of HK$6.06.